All five wards in the Southwark part of SE1 remain in Liberal Democrat hands, but at borough level the party failed to win the outright majority it was hoping for.
It was a long, tense night at The Academy at Peckham, the venue for the Southwark borough election counts and declarations.
The Lib Dems won comfortably in Cathedrals, Grange, Riverside and South Bermondsey wards, but in Chaucer ward there was high tension with a recount called before the result was finally declared just before 5am.
Noakes, who represented Faraday Ward between 1998 and 2002, told us that he was "delighted" by the result in Cathedrals.
Former Lib Dem councillor Dr Abdur-Rahman Olayiwola, who stood as an independent candidate in Chaucer ward after failing to be reselected by his party, polled just 289 votes.
The Lib Dems regained the seat they lost to the Conservatives when Kenny Mizzi defected in 2002.
The closest result of the night was in East Walworth, which includes a small portion of SE1 south of New Kent Road. After tortuous recounts, the declaration came at 6.15am with Labour taking two of the three seats from the Lib Dems, sensationally ousting deputy council leader Cathy Bowman, who had special responsibility for the Elephant & Castle regeneration. One of the incoming Labour councillors in East Walworth is Kirsty McNeill, who was Labour's challenger to Simon Hughes in North Southwark & Bermondsey in last year's general election.
One of the loudest cheers of the night was for former Chaucer ward councillor and executive member for environment Richard Thomas, who polled very strongly in East Dulwich having moved to the south of the borough with his family.
Turnout ranged from 26.6 per cent in Grange to 28.9 per cent in Chaucer.
21 wards, 63 seats
Asked what happens next, Cllr Stanton was emphatic in his answer: "Sleep! A whole weekend of sleep."
Labour leader Cllr Peter John told the London SE1 website that he found the propsect of another four years of a Tory-backed Lib Dem administration "absolutely appalling".
He added: "If the Tories haven't learnt the lessons from tonight; people do not want the Liberal Democrats running Southwark Council. In the wards where they had Lib Dem councillors they have been rejected ... they should put the people of Southwark first, not the Liberal Democrats of Southwark first".